Hybrid Printing Technologies Market Size, Share and Trends 2024 to 2034

Hybrid Printing Technologies Market Size and Forecast 2024 to 2034

The global hybrid printing technologies market size is calculated at USD 5.18 billion in 2024 and is projected to surpass around USD 16.53 billion by 2034, expanding at a CAGR of 12.31% from 2024 to 2034. The surge in the demand for customized printing is the key factor driving the market's growth. Also, the rising need for shorter lead times and faster job completion, along with the expansion of e-commerce, has increased the adoption of these technologies through the forecast period.

Hybrid Printing Technologies Market Key Takeaways

• North America dominated the hybrid printing technologies market with the largest market share of 34% in 2023.
• U.S. is registering a significant CAGR of 11.53% during the projected period.
• Asia Pacific is expected to grow at a double digit CAGR of 13.21% during the projected period.
• Europe is projected to expand at a notable CAGR of 12.22% during the projected period.
• By component, the hardware segment recorded the highest market share of 53% in 2023.
• By component, the software segment is expected to experience the fastest CAGR of 12.91% over the forecast period.
• By substrate, the paper and cardboard segment led the market by holding the largest market share of 43% in 2023.
• By substrate, the textile segment is expected to grow at a CAGR of 13.22% during the forecast period.
• By application, the packaging segment has held the largest market share of 45% in 2023.
• By application, the textiles segment is expected to grow at the fastest CAGE of 13.22% over the studied period.

Market Overview

Hybrid printing technology aims to combine the abilities of analog and digital printing technology by integrating the efficiency and reliability of flexographic printing coupled with the creative possibilities of digital printing. Through this, businesses get the low cost of flexo printing with high print quality and flexibility. Hybrid printing machines have advanced features that help businesses customize their print runs, including a built-in UV drying system, printing and over-varnish facilities, mono and four-color options, etc.

U.S. Hybrid Printing Technologies Market Size and Growth 2024 to 2034

The U.S. hybrid printing technologies market size is exhibited at USD 1.23 billion in 2024 and is projected to be worth around USD 3.99 billion by 2034, growing at a CAGR of 12.42% from 2024 to 2034.

North America dominated the global hybrid printing technologies market in 2023. The region's supremacy may be ascribed to the ongoing development of printing technologies in conjunction with the acceleration of technical breakthroughs. Moreover, the adoption of cutting-edge hybrid printing technologies is being fueled by the region's robust R&D atmosphere. The US market for hybrid printing technology. Demonstrates the region's notable expansion in North America as a result of growing customer demand for individualized products.

• In September 2024, Mark Andy and Domino Printing Sciences worked together to introduce the DSiQ-730 hybrid press, which has 1,200 DPI. The companies’ continuous partnership focuses on innovative printing and finishing lines for converters searching for high-quality digital hybrid systems with automation.

Asia Pacific is expected to show the fastest growth during the projected period. An increase in the need for packaging and e-commerce is what is fueling the region's rise. It is commonly known that hybrid printing technologies may meet this need by offering bespoke, superior packaging options that let companies stand out in a crowded online marketplace. Furthermore, due to the rising demand for effective printing solutions, China's hybrid printing technologies market is expanding significantly.

• In July 2024, HanGlory Group will invest in a hybrid future. The Chinese developer of inkjet drive technology committed to standalone and hybrid label press development. Chinese print and converting machinery suppliers have been making major strides on the world stage.

Hybrid Printing Technologies Market Growth Factors

• An increasing desire for enhanced visual appeal and functionality is expected to fuel market growth shortly.
• The rising adoption of personalized printing materials across various industries can soon boost the hybrid printing technologies market growth.
• The ongoing digital transformation across the globe will likely propel market growth further.

The Role of AI in the Hybrid Printing Technologies Market

Artificial Intelligence is playing a transformative role in hybrid printing. From workflow automation to predictive maintenance, AI optimizes printing processes and ensures less downtime with greater efficiency. Furthermore, these technologies will continue to fuel innovation in the industry by stimulating the growth of hybrid printing further into future integration, which can also help businesses seek faster and more cost-efficient printing solutions that impel hybrid printing technologies market growth.

• In June 2024, Aibuild launched AI-powered 3D printing Software Version 2.0The new version of Aibuild’s software platform introduces improved abilities, new branding, and strategic partnerships created to accelerate innovation in the large-format Additive Manufacturing industry.

Market Scope

Market Dynamics

Driver

Advanced features and greater flexibility

Hybrid printing technologies are capable of combining a variety of optional features that can be updated with advanced technologies and lead to market growth. They are also cost-effective and easy to maintain, which attracts customers. Additionally, the rapid production speed is possible due to hybrid printing because it does more work in a shorter period. Tasks like labeling, finishing, coating, packaging, and cutting can be completed automatically.

• In May 2024, Boston Micro Fabrication (BMF) introduced the industry’s first line of hybrid micro-precision 3D printer series for micro-scale and ultra-high-resolution applications to offer consumers greater choice when it comes to high-precision 3D printing.
• In September 2023, With the launch of Axtra3D Hybrid PhotoSynthesis (HPS) technology, leading digital manufacturing company Protolabs increased the scope of its 3D printing capabilities. Using digital light processing (DLP) equipment in conjunction with a precision laser, this novel photopolymer technique produces highly repeatable and finely detailed 3D printed items at accelerated rates.

Restraint

Printing defects and large capital investment

Hybrid printing can be difficult for industries as it deals with different forms of drivers for different operating systems. The accuracy of orientation is a major obstacle to this process. Moreover, the requirement for large capital investment can further constrain market growth by creating significant challenges for the end users.

Opportunity

Rising focus on flexographic printing

Flexographic printing is utilized for the transfer of ink onto substrates through flexible plates. Flexographic label printers manufacture labels quickly, and their inks are more cost-effective than digital label printers. Furthermore, flexographic printing also provides the freedom of printing on an extensive range of porous and non-porous materials, including cardboard, paper, and fabric. It can also be used to produce industrial labels, tamper-evident labels, and barcode labels.

• In May 2024, XSYS, a global provider of flexographic printing plates, pre-press software, and plate processing equipment, unveiled two new plates under the newly established Nyloflex eco brand. This innovative approach demonstrates the company’s strong commitment to innovative sustainability in the printing industry.
• In September 2024, In order to be integrated into flexographic lines, Domino Printing Sciences announced their new 1200dpi digital print engine. In order to meet the growing need for digital hybrid printing and finishing, the N730i Integration Module was developed. It makes high-resolution digital printing possible for label converters, including variable data applications.

Component Insights

The hardware segment dominated the hybrid printing technologies market in 2023. The dominance of the segment can be attributed to the increasing demand for high-quality and customized printing along with the advancements in printing technology. Additionally, the increasing need for high-resolution prints is enabling businesses to upgrade to advanced hybrid printing hardware. This demand is especially high in industries like textiles, packaging, and advertising, where accuracy and personalization are crucial.

The software segment is expected to experience the fastest growth in the hybrid printing technologies market over the forecast period. The growth of the segment is driven by a growing demand for personalization and customization in printing which has led to the requirement for advanced software solutions that optimizes precise control over print designs and workflows. Also, the integration of Artificial Intelligence (AI) and Machine Learning (ML) in software printing is improving quality, efficiency, and automation capabilities.

Substrate Insights

The paper and cardboard segment led the hybrid printing technologies market in 2023 by holding the largest market share. This dominance is due to the increasing use of paper and cardboard in publishing, packaging, and advertising because of their smooth surface. Moreover, these cardboard substrates and paper come in numerous textures, finishes, and weights specific to multiple printing needs. The low cost of the substrate compared to other substrates is fuelling the segment's expansion further.

The textile segment is expected to show the fastest growth in the hybrid printing technologies market during the forecast period. The growth of the segment is credited to the increasing demand for on-demand and customized textile products like home decor, personalized apparel, and fashion accessories. Furthermore, developments in hybrid printing technology have optimized higher print quality, intricate designs on textiles, and vibrant colors, fulfilling the needs of both mass production and niche markets.

• In January 2024, A tiny hybrid desktop printer designed specifically for bespoke and low-to-medium volume direct-to-garment (DTG) and direct-to-film (DTFilm) imaging, Epson unveiled the SureColor F1060. To enhance the printing process, the device features an enclosed design with inside illumination and a transparent viewing glass.

Application Insights

In 2023, The packaging segment dominated the hybrid printing technologies market. The dominance of the market is explained by the growing need for more robust and visually pleasing packaging solutions brought about by the expansion of e-commerce and the growing demand for premium customized packaging solutions. Additionally, since hybrid printing facilitates the creation of environmentally friendly packaging materials, sustainability trends are becoming more and more significant.

• In September 2024, HYBRID Software, a developer of productivity tools for label printing and packaging, launched a new business unit to offer hosted artwork management and 3D visualization solutions for brands and consumer packaged goods companies.

The textiles segment is expected to grow at the fastest rate in the hybrid printing technologies market over the studied period. The textile sector has grown as a result of the rise of the clothing and fashion industries. Textile printing is becoming faster, better, and more efficient because of continuous technical developments in the hybrid printing technologies industry, including improvements in print heads, ink formulas, and software. As a result, hybrid printing is now more profitable for textile producers.

Hybrid Printing Technologies Market Companies

• Müller Martini
• Mark Andy Inc.
• Xeikon
• HP Development Company, L.P.
• SCREEN Graphic Solutions Co., Ltd.
• Ricoh
• FUJIFILM Holdings Corporation
• Agfa-Gevaert Group
• Eastman Kodak Company
• BOBST
• Memjet
• Colordyne Technologies

Recent Developments

• In February 2024, EFI unveiled the Vutek h3+ and h5+ hybrid flatbed/roll-fed LED printers. This product line consists of an improved and rebuilt hybrid Vutek h series platform that is superwide-format and high-volume.
• In March 2024, in order to provide sign and display professionals more production flexibility and variety, Ricoh unveiled the Flora X20 UV hybrid printer, which was created in collaboration with Flora, a top producer of large format and flatbed digital inkjet printers.
• In April 2023, Memjet unveiled two new products: Memjet Direct, which offers printer integration assistance and direct sales, and DuraBolt PrintBar, a wide web monochrome printing solution. Printers can now produce sophisticated hybrid printing solutions at a lesser cost thanks to the DuraBolt PrintBar, which is made for high-speed printing at 1,600 dpi resolution.
• In September 2023, Domino Printing Sciences (Domino) introduced the N610i-R digital retrofit module intended for original equipment manufacturers (OEMs) and converters who want to incorporate digital printing technology into their existing flexographic lines for hybrid printing.

Segments Covered in the Report

By Component

• Hardware
• Software
• Services

By Substrate

• Paper and Cardboard
• Plastics
• Textile
• Glass & Metal
• Others

By Application

• Packaging
• Advertising
• Publishing
• Textiles

By Geography

• North America
• Asia Pacific
• Europe
• Latin America
• Middle East & Africa